Tag Archives: Production

Natural gas production in Egypt has declined largely as a result of relatively low investment.

Crude oil output in July dropped 2.6 percent on-year to 15.85 million tonnes. or 3.73 million bpd.

The OPEC remains positive on the overall oil demand.

OPEC expects that average oil production in Russia will be 11.15mn barrels per day in 2018 and 11.17mn barrels daily in 2019.

In June. Royal Dutch Shell exited the Majnoon oilfield in southern Iraq and handed over its operations to the state-run Basra Oil Co.

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.

Total had previously withdrawn from the field in 2009 because of sanctions.

In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.

Iran’s output was the lowest since April last year at 3.75 million bpd.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.